FINANCIAL NEWS

Ras Al Khaimah’s foreign trade posts growth in 2016

21 Apr 2017

(MENAFN) The Studies & Commercial Cooperation Department at the Ras Al Khaimah Chamber said in a report that foreign trade in the Emirate grew by 11.8% in 2016 compared to 2015.

According to the Assistant Director-General of Commercial Service and Business Development Sector at Ras Al Khaimah Chamber, foreign trade in the Emirate grew by 11.8% in 2016 to reach a value of AED 10 billion compared to AED 9.04 billion in 2015.

Also, exports had posted a significant growth and reached AED 3.53 billion or 34.9% while the re-export market reached AED 2.79 billion or 27.7% of total foreign trade.

Additionally, he said the total weight of Emirate’s foreign trade reached 68,644,584,751 kilograms last year, of which 63,634,723,748 kilograms were exports.

MENAFN2104201700450000ID1095408433

MENAFN2104201700450000ID1095408433

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